The Growth of Economic Thought
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
Who Is Afraid of TH Marshall?
Who is afraid of T.H. Marshall? Or, what are the limits of the liberal vision of rights? Author Murray, G Published 2007 Journal Title Societies Without Borders DOI https://doi.org/10.1163/187219107X203577 Copyright Statement © 2007 Brill Academic Publishers. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version. Downloaded from http://hdl.handle.net/10072/17742 Link to published version http://www.ingentaconnect.com/ Griffith Research Online https://research-repository.griffith.edu.au Who is afraid of T.H. Marshall? Or what are the limits of the liberal vision of rights? Georgina Murray Griffith University [email protected] Printed in Brill Publications Abstract The liberal construction of the citizen is a man (sic) empowered with reciprocal rights to the nation state, which will maintain his dignity by providing work and welfare if he can prove need. The challenge for the new century is to find out whether we still can live in a finely balanced world of citizen/civil society state and capital from which these rights will flow. We need to understand why many of the rights died and subsequently to be able to redefine what it means to be a citizen; by taking into account the unequally weighted power relations that favor corporate citizenship. Then Human Rights, defined as international standards and norms for economic rights (labour rights, housing and food rights), cultural rights and the right to protection from physical harm, can become a meaningful reality. -
“Bad” Greed from the Enlightenment to Thorstein Veblen (1857-1929)1 Erik S
real-world economics review, issue no. 63 subscribe for free Civilizing capitalism: “good” and “bad” greed from the enlightenment to Thorstein Veblen (1857-1929)1 Erik S. Reinert [Tallinn University of Technology, Estonia and Norway] Copyright: Erik S. Reinert, 2013 You may post comments on this paper at http://rwer.wordpress.com/2013/03/25/rwer-issue-63/ As we look over the country today we see two classes of people. The excessively rich and the abject poor, and between them is a gulf ever deepening, ever widening, and the ranks of the poor are continually being recruited from a third class, the well-to-do, which class is rapidly disappearing and being absorbed by the very poor. Milford Wriarson Howard (1862-1937), in The American Plutocracy, 1895. This paper argues for important similarities between today’s economic situation and the picture painted above by Milford Howard, a member of the US Senate at the time he wrote The American Plutocracy. This was the time, the 1880s and 1890s, when a combination of Manchester Liberalism – a logical extension of Ricardian economics – and Social Darwinism – promoted by the exceedingly influential UK philosopher Herbert Spencer – threatened completely to take over economic thought and policy on both sides of the Atlantic. At the same time, the latter half of the 19th century was marred by financial crises and social unrest. The national cycles of boom and bust were not as globally synchronized as they later became, but they were frequent both in Europe and in the United States. Activist reformer Ida Tarbell probably exaggerated when she recalled that in the US “the eighties dripped with blood”, but a growing gulf between a small and opulent group of bankers and industrialists produced social unrest and bloody labour struggles. -
David Ricardo's Contribution to the Constitution of The
David Ricardo’s Contribution to the Constitution of the Canon of Ricardian Economics: A Reconsideration of 1970’s Interpretations of the 1815 Debate André Lapidus, Nathalie Sigot To cite this version: André Lapidus, Nathalie Sigot. David Ricardo’s Contribution to the Constitution of the Canon of Ricardian Economics: A Reconsideration of 1970’s Interpretations of the 1815 Debate. Evelyn L. Forget and Sandra Peart. Reflections on the Classical Canon in Economics, Routledge, pp.270-289, 2001. hal-00344895 HAL Id: hal-00344895 https://hal-paris1.archives-ouvertes.fr/hal-00344895 Submitted on 6 Dec 2008 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. David Ricardo’s Contribution to the Constitution of the Canon of Ricardian Economics: A Reconsideration of 1970’s Interpretations of the 1815 Debate André Lapidus * Nathalie Sigot * In Evelyn L. Forget and Sandra Peart (eds), Reflections on the Classical Canon in Economics, London and New York: Routledge, 2001 * Centre d’Histoire de la Pensée Economique, University of Paris I Panthéon - Sorbonne - 106, bd de l’Hôpital - 75647 Paris Cedex 13 - France. E-mails: [email protected] and [email protected]. -
Dear Prudence: W.F. Lloyd on Population Growth and the Natural Wage
Dear Prudence: W.F. Lloyd on Population Growth and the Natural Wage Michael V. White Economics Department, Monash University [email protected] Presented to the Twenty-Third Conference of the History of Economic Thought Society of Australia, University of Sydney, 7-9 July 2010. [T]hough the interest of the labourer is strictly connected with that of the society, he is incapable either of comprehending that interest, or of understanding its connection with his own. His condition leaves him no time to receive the necessary information, and his education and habits are commonly such as to render him unfit to judge even though he was fully informed. In the publick deliberations, therefore, his voice is little heard and less regarded… Adam Smith [(1776) 1976a, I, xi, p.266] The Reverend William Forster Lloyd, Student of Christ Church and former lecturer in mathematics, was elected as the third Drummond professor of political economy at Oxford University in February 1832. Following the requirements of the university statute which established the chair, Lloyd published the first of his lectures, titled “Two lectures on the checks to population”, in the next year [Lloyd 1833]. Having read that pamphlet, the radical Francis Place wrote to Lloyd because they were both “fellow labourers for the benefit of the people”. Place had concluded that Lloyd followed Thomas Robert Malthus and Thomas Chalmers in recommending “late marriages[,] the parties in the meantime living chastely”, as the cure for excessive population growth and hence the condition of “the working people”. Citing a lecture by the surgeon Dr. -
1. the Damnation of Economics
Notes 1. The Damnation of Economics 1. One example of vice-regal patronage of anti-economics is Canada’s ‘Governor General’s Award for Non-Fiction’. In 1995 this honour was bestowed upon John Raulston Saul’s anti-economic polemic The Unconscious Civilization (published in 1996). A taste of Saul’s wisdom: ‘Over the last quarter-century economics has raised itself to the level of a scientific profession and more or less foisted a Nobel Prize in its own honour onto the Nobel committee thanks to annual financing from a bank. Yet over the same 25 years, economics has been spectacularly unsuc- cessful in its attempts to apply its models and theories to the reality of our civili- sation’ (Saul 1996, p. 4). See Pusey (1991) and Cox (1995) for examples of patronage of anti-economics by Research Councils and Broadcasting Corporations. 2. Another example of economists’ ‘stillness’: the economists of 1860 did not join the numerous editorial rebukes of Ruskin’s anti-economics tracts (Anthony, 1983). 3. The anti-economist is not to be contrasted with the economist. An economist (that is, a person with a specialist knowledge of economics) may be an anti- economist. The true obverse of anti-economist is ‘philo-economist’: someone who holds that economics is a boon. 4. One may think of economics as a disease (as the anti-economist does), or one may think of economics as diseased. Mark Blaug: ‘Modern economics is “sick” . To para- phrase the title of a popular British musical: “No Reality, Please. We’re Economists”’ (Blaug 1998, p. -
Letters on the Sinking Fund from David Ricardo to Francis Place Author(S): David Ricardo Source: the Economic Journal, Vol
Letters on the Sinking Fund from David Ricardo to Francis Place Author(s): David Ricardo Source: The Economic Journal, Vol. 3, No. 10 (Jun., 1893), pp. 289-293 Published by: Wiley on behalf of the Royal Economic Society Stable URL: http://www.jstor.org/stable/2955672 Accessed: 27-06-2016 09:56 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at http://about.jstor.org/terms JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. Royal Economic Society, Wiley are collaborating with JSTOR to digitize, preserve and extend access to The Economic Journal This content downloaded from 198.91.37.2 on Mon, 27 Jun 2016 09:56:17 UTC All use subject to http://about.jstor.org/terms NOTES AND MEMORANDA LETTERS ON THE SINKING FUND FROM DAVID RICARDO TO FRANCIS PLACE. [These letters are bound up in a volume of the Place MSS. in the British Museum (Add. MSS. 27836 ff. 113-118). The Editor's attention was directed to them by Mr. Graham Wallas, who is engaged on a memoir of Francis Place. The fund referred to is the second sinking fund, established in 1786 by Pitt after the abolition of the first (1716-1786). Much interest had been excited by an attack on the principles of this fund, in An Inquiry into the Rise, Progress, etc., of the National Debt, by Dr. -
The Physiocrats Six Lectures on the French Économistes of the 18Th Century
The Physiocrats Six Lectures on the French Économistes of the 18th Century Henry Higgs Batoche Books Kitchener 2001 First Edition: The Macmillan Company, 1897 This Edition: Batoche Books Limited 52 Eby Street South Kitchener, Ontario N2G 3L1 Canada email: [email protected] ISBN: 1-55273-064-6 Contents Preface ............................................................................................... 5 I: Rise of the School. .......................................................................... 6 II: The School and Its Doctrines. ..................................................... 17 III: The School and Its Doctrines (contd.) ....................................... 29 IV: Activities of the School. ............................................................. 43 V: Opponents of the School. ............................................................ 55 VI: Influence of the School. ............................................................. 66 Appendix .......................................................................................... 77 Authorities ....................................................................................... 80 Notes ................................................................................................ 82 Preface This little volume consists of lectures delivered before the London School of Economics in May and June of the present year. Impossible though it was found to give a truly adequate account of the Physiocrats in these six lectures, it has been thought that they may perhaps furnish -
GEORGE J. STIGLER Graduate School of Business, University of Chicago, 1101 East 58Th Street, Chicago, Ill
THE PROCESS AND PROGRESS OF ECONOMICS Nobel Memorial Lecture, 8 December, 1982 by GEORGE J. STIGLER Graduate School of Business, University of Chicago, 1101 East 58th Street, Chicago, Ill. 60637, USA In the work on the economics of information which I began twenty some years ago, I started with an example: how does one find the seller of automobiles who is offering a given model at the lowest price? Does it pay to search more, the more frequently one purchases an automobile, and does it ever pay to search out a large number of potential sellers? The study of the search for trading partners and prices and qualities has now been deepened and widened by the work of scores of skilled economic theorists. I propose on this occasion to address the same kinds of questions to an entirely different market: the market for new ideas in economic science. Most economists enter this market in new ideas, let me emphasize, in order to obtain ideas and methods for the applications they are making of economics to the thousand problems with which they are occupied: these economists are not the suppliers of new ideas but only demanders. Their problem is comparable to that of the automobile buyer: to find a reliable vehicle. Indeed, they usually end up by buying a used, and therefore tested, idea. Those economists who seek to engage in research on the new ideas of the science - to refute or confirm or develop or displace them - are in a sense both buyers and sellers of new ideas. They seek to develop new ideas and persuade the science to accept them, but they also are following clues and promises and explorations in the current or preceding ideas of the science. -
HISTORY of ECONOMIC THOUGHT a Selected Bibliography John F
HISTORY OF ECONOMIC THOUGHT A Selected Bibliography John F. Henry Department of Economics California State University, Sacramento A. Texts and Commentaries of a General Nature (The following list is not meant to be exhaustive, but does represent general accounts from varying points of view. The student should also examine the bibliographies in these works, particularly that in Spiegel. There are also a number of series studies now available, notably from Edward Elgar publisher: Perspectives in the History of Economic Thought which features papers presented at the annual History of Economics Society meeting (9 vols); Pioneers in Economics, Marc Blaug, ed., which contains papers on particular economists (currently at 46 titles); Schools of Thought in Economics, Marc Blaug, general ed. which contains (currently 11) volumes of essays on particular general approaches in economics. Routledge is publishing a Critical Assessments series, edited by John Wood featuring articles written on specific economists: currently, volumes on Joan Robinson, Leontief, Say, and Pareto are published. Routledge also publishes a “Library of 20th Century Economists,” organized around themes–The Chicago Tradition, Socialism and the Market, Origins of Macroeconomics, etc. And, the firm has a “Critical Reviews” and Critical Responses” series. Macmillan has a new series on Contemporary Economists, edited by John Pheby. Finally, Pickering and Chatto (UK) is publishing series on various topics that collect articles written over a several hundred year period: Hageman, H., ed., Business Cycle Theory (4 vols); Emmett, R., Reactions to the South Sea Bubble, the Mississippi Scheme, and the Tulip Mania Affair (3 vols); White, L, ed., The History of Gold and Silver (3vols); O’Brien, D., The History of Taxation (8 vols); Bridel, P., The Foundations of Price Theory (6 vols); Barber, W., et al., eds, Early American Thought (6 vols); Samuels, W., ed., Law and Economics (2 vols); Capie, F., ed., History of Banking, 1650-1850 (10 vols); Ross, D., History of Banking II, 1844-1959 (10 vols). -
Schools of Economic Thought (Pdf)
SCHOOLS OF ECONOMIC THOUGHT A BRIEF HISTORY OF ECONOMICS This isn't really essential to know, but may satisfy the curiosity of many. Mercantilism Economics is said to begin with Adam Smith in 1776. Prior to that, nobody thought of economics, or markets, as an object of study. It is not that they didn't pay attention to economic matters, it is simply that they didn't think of it in any systematic or coherent manner. It was all just off-the-cuff intuition and policy proposals by a myriad of merchants, government officials & journalists, principally in Britain. It is common to denote the period before 1776 as "Mercantilism". It wasn't a coherent school of thought, but a hodge-podge of varying ideas about improving tax revenues, the value & movements of gold and how nations competed for international commerce & colonies. Mostly protectionist, 'war-minded', and all haphazardly argued. (the principal features of the Mercantilist school are discussed in our "Gains from Trade" handout). There was some opposition to Mercantilist doctrines, notably among French and Scottish thinkers (e.g. Pierre de Boisguilbert, Francois Quesnay, Jacques Turgot and David Hume) Classical School The Enlightenment era (mid-1700s) in Europe brought a new spirit of scientific inquiry. Thinkers began looking to apply scientific principles not only to the physical world, but also to human society. In the same spirit that Sir Isaac Newton 'discovered' the "law of gravity" to explain the interaction of natural forces and decipher how the physical world operates, Enlightenment thinkers began trying to discover the "laws" of human interaction, to explain how human society operates. -
Uadphilecon National & Kapodistrian University of Athens Department of Economics Nicholas J
UADPhilEcon National & Kapodistrian University of Athens Department of Economics Nicholas J. Theocarakis 2014 History of Economic Thought Web Links on Mercantilism1 Bullionists “W.S.” (John Hales d.1571, Sir Thomas Smith ) A Discourse of the Common Weal of this Realm of England, 1581 or A Compendious; Or Briefe Examination of Certayne Ordinary Complaints of Diuers of Our Countrymen in These Our Dayes (Written 1541, not by William Shakespeare despite the 1751 edition) Thomas Milles, c.1550-1627. The Customers Replie, or Second Apologie :…, An Aunswer to a confused Treatise of Publicke Commerce . in favour of the . Merchants Adventurers,' &c., 1604 Gerard de Malynes, c.1586-1641 Saint George for England Allegorically Described, 1601. A Treatise on the Canker of England's Commonwealth, 1601. Consuetudo vel Lex Mercatoria or the Ancient Law- Merchant, 1622. The Maintenance of Free Trade, 1622. The Centre of the Circle of Commerce, 1623. 1 Based on the History of Economic Thought Website [now a dead link] UADPhilEcon, HET, Mercantilists 1/7 Traditional Mercantilists John Wheeler, c.1553-1611. Treatise on Commerce, 1601 Edward Misselden, 1608-1654. Free Trade and the Means to Make Trade Flourish, 1622 Circle of Commerce 1623. Thomas Mun, 1571-1641. A Discourse of Trade from England unto the East- Indies, 1621. in England's Treasure by Forraign Trade, 1664. (Written 1628) facsimile Lewis Roberts, 1596 – 1640 The Merchantes Mappe of Commerce , 1638 The Treasure of Traffike, 1640 John Locke, 1632-1704. A Letter Concerning Toleration, 1689. Two Treatises on Government, 1690. An Essay Concerning Human Understanding, 1690. pt 2 Some Considerations of the Consequences of the Lowering of Interest and Raising the Value of Money, 1692 Further Considerations Concerning Raising the Value of Money, 1695. -
The British Radical Literary Tradition As the Seminal Force in the Development of Adult Education, Its Australian Context, and the Life and Work of Eric Lambert
Writing Revolution: The British Radical Literary Tradition as the Seminal Force in the Development of Adult Education, its Australian Context, and the Life and Work of Eric Lambert Author Merlyn, Teri Published 2004 Thesis Type Thesis (PhD Doctorate) School School of Vocational, Technology and Arts Education DOI https://doi.org/10.25904/1912/3245 Copyright Statement The author owns the copyright in this thesis, unless stated otherwise. Downloaded from http://hdl.handle.net/10072/367384 Griffith Research Online https://research-repository.griffith.edu.au Writing Revolution: The British Radical Literary tradition as the Seminal Force in the Development of Adult Education, its Australian Context, and the Life and Work of Eric Lambert By Teri Merlyn BA, Grad.Dip.Cont.Ed. Volume One School of Vocational, Technology and Arts Education Griffith University Submitted in fulfilment of the requirements of the Degree of Doctor of Philosophy Date:……………………………………………………………………… Abstract This thesis tells the story of an historical tradition of radical literacy and literature that is defined as the British radical literary tradition. It takes the meaning of literature at its broadest understanding and identifies the literary and educational relations of what E P Thompson terms ‘the making of the English working class’ through its struggle for literacy and freedom. The study traces the developing dialectic of literary radicalism and the emergent hegemony of capitalism through the dissemination of radical ideas in literature and a groundswell of public literacy. The proposed radical tradition is defined by the oppositional stance of its participants, from the radical intellectual’s critical texts to the striving for literacy and access to literature by working class people.